Global Tackifier Market is segmented By Type (Synthetic Tackifier, Natural Tackifier), By Feedstock (Hydrocarbon Resins, Rosin Resins, Terpene Resins), By Form (Solid, Liquid, Resin Dispersion), By Application (Pressure Sensitive Adhesives, Hot Melt Adhesives), By End-User (Packaging, Automotive, Building & Construction, Non-wovens, Footwear, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Tackifier Market Overview
(240 pages) A Report by DataM Intelligence estimates the Global Tackifier market to grow at a high CAGR during the forecast period 2023- 2030. The market is expected to grow due to increasing demand from Packaging, Automotive, Building & Construction, Non-wovens. The competitive rivalry intensifies with Exxon Mobil Corporation, Eastman Chemical Company., Kraton Chemical, LLC, and others operating in the market.
Tackifiers are low-molecular-weight compounds added to adhesive formulations to increase the tack or "stickiness" of the adhesive, mainly the hot-melt and pressure-sensitive adhesives. They dissolve in the polymer matrix and break up their structure, thereby enhancing the base polymer's mobility and tack. In practice, formulators use tackifiers to make the correct balance between adhesion and cohesion.
Moreover, they also provide functionality that promotes specific adhesion and reduces molecular cohesion, which lowers the melt viscosity and softening point of the polymer system.
Adhesives are widely used in numerous industries, including automotive, construction & building, packaging, electronics and medicine. Hence, extensive adhesive use in various sectors is expected to boost the tackifier market over the forecast period.
Tackifier Market Summary
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Metrics |
Details |
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Market CAGR |
High |
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Segments Covered |
By Type, By Feedstock, By Form, By Application By End-User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Tackifier Market Dynamics and Trends
Rising application of adhesives in automobile to reduce weight is expected to boost the tackifier market
Adhesives enable automakers to simplify their assembly processes. Today’s trucks and cars contain more plastic and composite parts, and mechanical fasteners are not always practical for attaching them. With adhesives, bonded components don’t need holes to be punched or drilled, and assemblers don’t need to measure torque or check fastening operations.
Moreover, adhesive films are being used to reduce the deployment of fasteners in automobile components, including exterior body parts, suspension systems and axles. With the adoption of adhesive films as an alternative to fasteners, the overall weight of vehicles is significantly reduced. By an estimate, 70 pounds of adhesive can replace more than 200 pounds of mechanical fasteners.
Hence, the growing adoption of lightweight vehicles will directly drive tackifier market during the forecast period.
Volatility of raw material prices is anticipated to hinder the tackifier market
Tackifiers such as hydrocarbon resins are manufactured from petroleum-based feedstock, and hence, have the disadvantage of being linked to the oil price. Moreover, these have a lower compatibility range with base polymers than tackifiers produced from the natural feedstock.
Tackifier Market Segmentation Analysis
Based on feedstock, tackifier market is segmented into hydrocarbon resin, rosin resin and terpene resin.
Hydrocarbon resin is expected to dominate the tackifier market because of its popularity
Hydrocarbon tackifier resins are thermoplastic resins produced mainly from petroleum-based by-products of naphtha crackers. It is used to promote adhesion and tack in hot-melt and pressure-sensitive adhesives. The three major types of hydrocarbon resins are C5 aliphatic, C9 aromatic, and DCPD cyclo-aliphatic resins. They are polymerized to raise their softening points to a level that is useful in adhesives.
Moreover, they are sometimes hydrogenated to reduce discoloration and to improve their heat and UV stability. Because of their extensive features, hydrocarbon resin tackifiers are the most popular and widely used for adhesives.
Global Tackifier Market Geographical Outreach
Based on geography, the global tackifiers market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia-Pacific is expected to dominate the tackifier market over the forecast period
Continuous improvement in the Asia-Pacific economic conditions has increased the demand for end-users of adhesive such as electronic appliances, buildings, automobiles, and textiles in the region. China is also one of the largest manufacturers & exporter of adhesives and occupies the major share of the Asia-Pacific tackifier market. The major adhesive manufacturing companies, such as Henkel AG & Company, H B Fuller Company, Ashland, Evonik Industries AG and KGaA, have their manufacturing plants in Asia and planning to build more manufacturing plants, which would increase the production of adhesives. The increase in the production of adhesives and their outputs is expected to drive the consumption of tackifiers.
Tackifier Market Companies and Competitive Landscape
The Tackifier market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Exxon Mobil Corporation, Eastman Chemical Company, Schill + Seilacher "Struktol" GmbH, Arkema Group, Kraton Chemical, LLC, Guangdong Komo Co Limited, Uniform Synthetics, YASUHARA CHEMICAL CO., LTD, WestRock Company, ARAKAWA CHEMICAL INDUSTRIES, LTD. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the tackifier market globally.
Exxon Mobil Corporation
Overview: ExxonMobil is a publicly traded energy providers and chemical manufacturers, headquartered in Texas, US. ExxonMobil markets its fuels and lubricants under four brands, which are Esso, Exxon, Mobil and ExxonMobil Chemical.
Product Portfolio: The company serves the products, services and projects within Upstream, Downstream and Chemical businesses.
Key Developments:
- In July 2020, ExxonMobil renews collaboration with Princeton Energy Centre to advance low-emission research and energy solutions
The global tackifier market report would provide an access to an approx. 77 market data table, 72 figures and 240 pages.
